Wall Street journalist Eleanor Terrett published an article on the X platform this evening (28th) stating that the first US spot ETFs for Solana (SOL), Litecoin (LTC), and Hedera (HBAR) have officially been listed and traded on the New York Stock Exchange (NYSE) today. This is not only a key step in expanding cryptocurrency ETF products from Bitcoin (BTC) and Ethereum (ETH) to more Altcoin, but also opens up a more convenient and compliant investment channel for traditional investors.
Listing Details
The spot ETFs listed this time include four products, including:
- Bitwise Solana ETF (Staking, Code: BSOL): Supports staking. In addition to tracking the SOL spot price, investors can also obtain staking income.
- Canary Litecoin ETF (symbol: CLTC): adopts a similar structure to BSOL, and staking income will be regularly reflected in the fund's net value.
- Canary HBAR ETF (symbol: CHBR): adopts a similar structure to BSOL, and staking income will be reflected in the fund's net asset value on a regular basis.
- Grayscale Solana ETF (symbol: GSOL): Originally a closed-end fund, it will be transformed into a spot ETF and listed today.
These ETFs are automatically registered through the SEC's S-1 registration process, eliminating the need for traditional 19b-4 approval, significantly shortening the time it takes to go public. Special provisions ensure smooth trading, even amid the current U.S. government shutdown.
BSOL's initial scale reaches US$220 million
Bloomberg Senior ETF Analyst Eric Balchunas also noted on social media platform X that BSOL's initial asset size reached a staggering $220 million upon its IPO, half the size of $SSK. This means the market can now observe purely organic, real demand, making it easier to gauge investor interest in the SOL ETF.
